Quote:
Originally Posted by tobii3
you want to talk Business 101??
You ""invest"" in something that isn't physically there. Hmmm....what's that called again...NOTHING. Now, you throw THOUSANDS of dollars at it with the HOPE that you will make MILLIONS from it.
Hmmm...you want SOMETHING....from NOTHING.
As for the so called short selling mortgages, do you even have a Mortgage of which to even base any experience on??
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The 401Ks lost by hard working Americans were heavily invested in mutual funds that were unscrupulously opaque and designed to look like solid, low risk investments, while they were in fact loaded with hot air. It is the greedy executives that were milking money out of nothing that deserve our ire, and not the working class investor, who was doing what had for years been considered gospel as the proper way to invest; "put your money in a diversified mutual fund that is well managed and it will slowly grow." Clearly, if you think that when a hedge fund
short sells mortage backed derivatives, it has anything to do with me going to my local bank for a mortage, or that said bank short selling a home that has been foreclosed, then you need to go back to Business 101 yourself.